price which attracts resources to this sector. The net effect is increased ... of increased access to the EU market dominates the effect of cheaper EU products ...increase such as Chemicals, Metals and Transport Equipment. The second effect

this reinforces the positive output effects. The second implication for the economy is that abolishing NTBs changes the terms of trade, i.e. the price of exports relative ... market. The long-run effect on consumption for all CEECs is about 10%. The aggregate ... The potential increase per sector in bilateral trade between the EU and the CEECs can be used to calculate the aggregate trade increases. To that end

of no effect is only just rejected at the 10% level. In addition, energy prices also seem ... be seen that adding the unspecified country effects affects the estimates substantially. The estimation results in Table 4.5 show that except for Food, Non-Ferrous ... Conditional β-convergence energy productivity, specified, fixed effects Energy Investment Open Balassa Price share - 0.8615*** 1.3546 0.2182 (0.1965) (1.1801) (1

pensions in the Netherlands would be indexed to prices instead of wages. Hence ...effects on labour supply. The savings on expenditures on public pensions in 2040 ... are indexed to prices instead of wages. Generations born in the fifties suffer most, up

services. Hence, output growth of service sectors is bigger in the GlobalEconomy ... communities China EU-15 Globaleconomy China EU-15 Annual percentage changes Agriculture and food Energy and raw materials Chemicals and minerals Capital goods Other manufacturing Trade and transport Business services Other services Source: World ... The two scenarios do not only differ economy-wide but also in sectoral

on the worldeconomy. Both the developments as well as the associated impacts ... in the worldeconomy at large. To illustrate the impact of differing developments ... further expands and one in which the worldeconomy disintegrates into regional